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GT Biopharma Announces IND Submission for GTB-3650 for Treatment of CD33+ Leukemia BRISBANE, CALIFORNIA

Key Takeaway: GT Biopharma has announced the submission of an Investigational New Drug (IND) application for GTB-3650, a therapeutical agent targeting CD33+ leukemia. The drug is particularly aimed at patients with relapsed or refractory acute myelogenous leukemia and high-risk myelodysplastic syndrome. This IND submission represents a significant step forward for the company as it prepares to enter the clinical trial phase in 2024. Executives have expressed optimism about the therapeutic potential of the new drug.

Market Sentiment Analysis

POSITIVE FACTORS

  • Submission of IND is an important milestone for GT Biopharma.
  • GTB-3650 aims to treat relapsed/refractory acute myelogenous leukemia and high-risk myelodysplastic syndrome.
  • The company is focused on advancing clinical objectives in 2024.

Full Press Release Details

Biopharma Announces IND Submission
GTB-3650 for Treatment of CD33+ Leukemia
CALIFORNIA, December 5, 2023 - GT Biopharma, Inc. (NASDAQ: GTBP), a clinical stage immuno-oncology company focused on developing
innovative therapeutics based on the Company's proprietary natural killer (NK) cell engager, TriKE platform, today
announced the submission of an Investigational New Drug (IND) application with the US Food and Drug Administration (FDA) for the development
of GTB-3650, a 2nd generation nanobody TriKE for the treatment of patients with CD33+ leukemia, including relapsed/refractory acute
myelogenous leukemia (AML) and high-risk myelodysplastic syndrome (MDS).
announcement is an important milestone for GT Biopharma, and we look forward to advancing GTB-3650 for treatment of CD33+ leukemia. We
are excited to expeditiously move this molecule into the clinic as we execute on our clinical objectives in 2024," stated Michael
Breen, GT Biopharma's Executive Chairman, Board of Directors and Interim Chief Executive Officer.
Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic
products based on our proprietary TriKE NK cell engager platform. Our TriKE platform is designed to harness
and enhance the cancer killing abilities of a patient's immune system's natural killer cells. GT Biopharma has an exclusive
worldwide license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE
technology. For more information, please visit gtbiopharma.com.
statements in this press release may constitute "forward-looking statements" regarding future events and our future results.
All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These
statements are based on current expectations, estimates, forecasts, and projections about the markets in which we operate and the beliefs
and assumptions of our management. Words such as "expects," "anticipates," "targets," "goals,"
"projects", "intends," "plans," "believes," "seeks," "estimates,"
"endeavors," "strives," "may," or variations of such words, and similar expressions are intended
to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and
adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in our
most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other
reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements are made only as of the date hereof, and we undertake no obligation to publicly release the
result of any revisions to these forward-looking statements. For more information, please refer to our filings with the Securities and
Exchange Commission.
is a registered trademark owned by GT Biopharma, Inc.

Frequently Asked Questions

What is GTB-3650 being developed for?

GTB-3650 is aimed at treating CD33+ leukemia, including acute myelogenous leukemia.

Who submitted the IND application for GTB-3650?

GT Biopharma, Inc. submitted the IND application with the FDA.

What platform is GTB-3650 based on?

GTB-3650 is based on GT Biopharma's TriKE NK cell engager platform.

What does TriKE technology enhance?

TriKE technology enhances the cancer-killing abilities of natural killer cells.

When does GT Biopharma expect to move GTB-3650 into clinical trials?

GT Biopharma aims to advance GTB-3650 into clinical trials in 2024.

Last updated: Dec 5, 2023